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Where Taxpayers and Advisers Meet

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by 170872
Thu Apr 14, 2016 8:51 am
Forum: Property Taxation
Topic: Holding Company to acquire property
Replies: 4
Views: 1339

Re: Holding Company to acquire property

Sorry I mean transfer to the holding company and both company are connected
by 170872
Wed Apr 13, 2016 2:41 pm
Forum: Property Taxation
Topic: Holding Company to acquire property
Replies: 4
Views: 1339

Holding Company to acquire property

I'm not sure how much of an easy question this will be to answer but I'm hoping that one of you can help me out as I've asked a few people now including my bank manager and few accountant but neither seem to be sure of the best way to proceed. If 3 properties each worth 350K (mortgage free) is in a ...
by 170872
Mon Jan 18, 2016 5:13 pm
Forum: Company Taxation
Topic: CIS and sales income
Replies: 1
Views: 1051

CIS and sales income

Good afternoon, I have a questions and hope someone could answer regarding Income for Lt company. One of my client who is a sub-contractor Ltd company and is VAT registered. His Sales invoice has the following: Labour £8200 ( 20% CIS deduction) Material £618.68 Accommodation £960 Total £9778.68 plus...
by 170872
Mon Jun 22, 2015 12:35 pm
Forum: Tax Investigations and Enquiries
Topic: Convenient store VAT inspection
Replies: 2
Views: 3005

Convenient store VAT inspection

Need advise please My client has been investigated by HMRC and has issued a payment of £15K due to no till receipt. What they do is each day they record total cash sales and credit card sales and expenses paid in a A4 paper. HMRC is arguing under Public Notice 727 - Retail Scheme section 4.5 a recor...
by 170872
Thu Jun 18, 2015 12:30 am
Forum: Company Taxation
Topic: Property development and selling
Replies: 1
Views: 940

Property development and selling

Hi all, I wonder if someone can help to share some light. If I have a client who is buying property decorating it including repairs and selling it for higher price, my understanding is that operating through Ltd company is more beneficial compared to a sole business as he is a higher rate tax payer....
by 170872
Wed May 20, 2015 1:40 pm
Forum: General
Topic: I need your advise
Replies: 2
Views: 3490

I need your advise

I hope someone can advise.... I stared my accountancy practice 2 years ago devoting 2 days a week plus weekend and the other 3 days I was worked for a frim of accountant. It seems so far I was able to generate fees of £1,000 per month . Should I leave the 3 days job and devote 100% on my own busines...
by 170872
Mon May 18, 2015 5:05 pm
Forum: Company Taxation
Topic: Directors Salary and NI
Replies: 1
Views: 760

Directors Salary and NI

Dear All,

I am a bit confused and would apprecite if someone can share their thoughts, regarding Company Directrors Salary. How much minimum salary per month should be declared so that the directors does not lose out on NI contribution towards pension and NHS treatments?

Thanks
by 170872
Mon Apr 20, 2015 11:08 pm
Forum: Inheritance Tax, IHT, Trusts & Estates, Capital Taxes
Topic: Inherritance Tax
Replies: 1
Views: 626

Inherritance Tax

Dear All, Trust all is well. I have a IHT question and hope someone can share their thoughts and experiences. I have a friend who has 2 properties. The first one he is living in is in the my name of him and his wifes valued @ £500K. The second one is valued at £800K and and its in the name of his wi...
by 170872
Mon Apr 13, 2015 11:40 am
Forum: International Tax
Topic: Guernsey Holding Company
Replies: 0
Views: 596

Guernsey Holding Company

Hi all, I have few questions and hope someone can answer. thx I understand that by incorporating a Guernsey Holding company, the shareholders of UK incorporated company will not be made public as UK company where for a fee info about share holders can be extracted from Companies House. Is this corre...
by 170872
Thu Mar 26, 2015 12:00 pm
Forum: Company Taxation
Topic: Share capital transfer to new owner
Replies: 2
Views: 1101

Share capital transfer to new owner

Dear all, thank you for your answer to my recent post. One more last question which I couldn't find an answer. Can the new owners (2) issse a 100 shares each instead of transfering the 75,000 shares will will trigger a stamp duty, Thanks ............................................... Hi All, If a r...

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